COMPANY NEWS

TIMES MIRROR TO SELL HARRY N. ABRAMS UNIT

Published: March 11, 1997

The Times Mirror Company said yesterday that it would sell its Harry N. Abrams Inc. unit to the closely held Groupe Latingy of Paris for an undisclosed price, ending its 31-year relationship with the first United States publisher to specialize in art books. Times Mirror, based in Los Angeles, will take a minority interest in Groupe Latingy as part of the transaction. Abrams will join Groupe Latingy's stable of illustrated books on subjects such as art, photography, travel and health. Times Mirror, which owns Newsday, The Los Angeles Times and other publications, said last year that it wanted to sell Harry N. Abrams so it could focus on its newspapers and magazines.